11.What is the normal balance in each of these accounts? (Use the following abbreviationsto answer this question; D - Debit , C- Credit)..Bank depositAccounts payableCapitalRetained earnings1.6-..Cash.Inventory.Prepaid insurance2-.7-.3-.8-.4-.9-.Bank loan5-..Accounts receivable10-Sales revenue

Debits and Credits: The transactions of the company will affect the account balances either by…

11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit .Accounts payable .Capital ..Retained earnings 6- . Cash . Inventory ..Prepaid insurance 2-. 7. 3-. 8-.. 4- 9- 10-. . ..Bank loan 5- . .Accounts receivable Sales revenue

11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit .Accounts payable .Capital ..Retained earnings 6- . Cash . Inventory ..Prepaid insurance 2-. 7. 3-. 8-.. 4- 9- 10-. . ..Bank loan 5- . .Accounts receivable Sales revenue

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 8EB: Prepare the journal entry to reconcile the bank statement in EB7.

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Prepare the journal entry to reconcile the bank statement in EB7.
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